Entries by Donna Klingenberg

Top 10 VC (Venture Capital) Terms Every Investor Needs to Know

By Ellie Pigott 1.  Limited Partner (LP) Limited Partner (otherwise referred to as an LP), is the term for an investor who is a member of the fund. This means they have agreed to the terms of the fund, and thus are investing their money but do not have control over the management of the […]

Delve Health

 Delve Health on Track to Transform Clinical Trials Worldwide Traction Capital has invested in an on-going partnership with a local Minnesota MedTech company with experience in clinical studies around the world. Delve Health reduces clinical trial costs and accelerated drug development by bringing the trials to patient homes, enabling more accurate data collection, and processing […]

How to Grow Your Startup During a Labor Shortage

By Ellie Pigott In the midst of a labor shortage, seeking the right talent for your startup may seem intimidating. But you might be in luck. People are leaving their jobs because they want something new and different, and working for a startup that shares their values could be a strong point of attraction. Attracting […]

5 Tips to Prepare Your Startup for a Recession

By Ellie Pigott While a recession looms overhead, many entrepreneurs fear what’s in store for their startups and small businesses. The Oxford Dictionary defines a recession as “a period of temporary economic decline during which trade and industrial activity are reduced” and in the last 160 years, recessions have occurred roughly every 4 and a […]

TroutRoutes

Traction Capital has invested in a Minnesota Technology company revolutionizing the way people fly fish. The company provides anglers with the knowledge and technology to optimize their trout fishing experience. The Minneapolis venture capital firm looks forward to helping TroutRoutes grow their platform as they tackle the U.S market. TroutRoutes is revolutionizing a sport that […]

5 Types of Alternative Investing

By Ellie Pigott For many, when they hear the word investing, they think of the stock market, retirement funds or maybe even crypto. But the possibilities don’t stop there. For those whose lifestyle can allow a less liquid investment vehicle, alternative investing is a great option. There are several vehicles to choose from including private […]

Saltbox

B2B sales company, Saltbox, has received a $500,000 investment from Traction Capital to finish out their $675,000 raise. The Minneapolis-based company is revolutionizing the way B2B organizations improve the buying experience of their customers. As Saltbox continues to grow, Traction Capital looks forward to working closely with their team. Saltbox is a Salesforce startup that […]

Startup Valuation Trends 2022 [what founders need to know]

By Ellie Pigott Over the last two years we’ve watched as Covid has turned our world upside down. Virtually every industry was affected, and Venture Capital was not an exception. In an attempt to keep the economy moving while the country was at a standstill, the Federal Reserve pushed more money into the U.S. economy […]

Froogle

Traction Capital has invested $500,000 in Froogle, a Software company that focuses on the hospitality industry. The company utilizes its location-based technology and online ordering software to help small and medium sized businesses draw in new consumers while also saving money and manpower. The Minneapolis venture capital firm is excited to be a key partner […]

ControlBright Names Barbara Stinnett President

After raising $500,000 in capital in recent months, ControlBright is set for growth and has chosen veteran technology executive and private equity trailblazer Barbara Stinnett to lead the charge. Stinnett’s role as President began on 3/15/2022. Barbara Stinnett is a highly respected industry executive who brings a wealth of global leadership experience in high-tech organizations. […]